USDollar Index - Holding Long for NowHolding a long index bias based on persistent Heiken-Ashi up candles on the 4-hr chart.
Ichimokukumocloud
Trade like a BOSS, Heffae Tip for Perfect trade entries & TAPro-Tip on getting a better view when there is an interaction with Heffae Clouds.
Reduce the chop and set tighter stops that are hit less often.
Shaded cloud & intercloud paths are drawn 124 Hours (5.1 Days) in advance with 4H timeframe.
Heffae's clouds is not a "moving average" indicator... the paths are discrete adaptive support and resistance, where price interaction with the paths determine the probability of future price movements.
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In this example,
Left is 15Min chart with Heffae Cloud set to the 4 Hour Timeframe. The right chart is set to 4 Hour matching the indicator Timeframe.
You can see that within a single 4H candle, the price is interacting with the 4H paths in a obvious "validation - conformation - invalidation" way, with the 15min candles.
This view lets you make precise entries / exits on path interactions like this one. Instead of waiting for the candle structure on indicator timeframe to confirm the path interaction, this strategy allows you to see how the price is dancing with the indicator in a much more detailed way. Using this strategy will completely eliminate false signals, as a trade entry from path conformation can be quickly reversed if that path is violated.
The v1.02 update maintains the cloud path geometry as well as predictive (leading) offset when "Use Chart TF" is turned OFF:
Enter the timeframe Heffae Clouds should indicate in "Non-Chart TF" - This must be done in minutes, so 240 = 4H, 360 = 6H, 480 = 8H and so on.
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NEO - Price Analysis Depending on the trajectory chosen to draw your trendlines the price can be said to be forming a falling wedge within a descending channel.
Due to the selling pressure indicated at the top of the daily candle, and the downward action on the Stochastic RSI is indicative that the price will continue to slide down the channel closer to past support near the .236 fib level.
Furthermore the RVI indicates lessening volatility in price as it complete the double top pattern. This lessening momentum and volatility further reinforces the possibility of a bounce off of the psychological support.
Trade safe!
